Canada’s Coldest Markets
Average prices of housing in Canada is $548,517 and this fact can be attributed to the some of the coldest markets in Canada that brought about the drop of average as others soar up in prices, other markets like Vancouver which was at competition with Toronto witnessed a drop of prices by a percentage of 9.3 and also a reduction of total sales by 30 per cent all within a space of a year after the implementation of measures of controlling the housing bubble and this fall, with the cooling of other Real Estate Markets has contributed to the reduction of Canadian housing price average while cities in Southern Ontario and Greater Toronto and its surrounding keep it soaring.
The coolest markets in Canada in 2017 are:
- Coldest market: Fraser valley in B.C
This market has faced a reduction in sales volume by a percentage of 26.7 while the sales price average percentage dropped by 11.3 per cent to an average sales price of $639,124.
- 2nd coldest market: Greater Vancouver
This market has faced a reduction in sales volume by a percentage of 31.5 while the sales price average percentage dropped by 9.3 per cent to an average sales price of $991,690.
- 3rd coldest market: Newfoundland and Labrador
This market has faced a reduction in sales volume by a percentage of 9 while the sales price average percentage dropped by 2 per cent to an average sales price of $251,555.
- 4th coldest market: Quebec City
This market has faced a reduction in sales volume by a percentage of 8.2 while the sales price average percentage dropped by 1 per cent to an average sales price of $256,929.
- 5th coldest market: Regina
This market has faced a reduction in sales volume by a percentage of 3.2 while the sales price average percentage dropped by 0.6 per cent to an average sales price of $316,341.
